Genoa, 4 August 2011 – ERG communicates that TotalErg, a company jointly controlled by ERG and TOTAL, signed today a five years multicurrency loan agreement with a pool of Italian and international lenders to fund its long term business plan.

The facility is made of a term loan of 400 € mln and a revolving credit line of 500 € mln for a total amount of Euro 900 millions. The facility is senior and unsecured and without any recourse to the shareholders of TotalErg.

The transaction confirms that the lending market is confident of TotalErg’s growth potential.

The financing agreement has been underwritten by the following banks in the role of Mandated Lead Arrangers: BNP Paribas, Banca IMI/Intesa Sanpaolo, UniCredit S.p.A., Crédit Agricole Corporate and Investment Bank, Centrobanca S.p.A. – Gruppo UBI, WestLB, Monte dei Paschi di Siena, Banca popolare dell’Emilia Romagna, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Bank of America Merrill Lynch, Mediobanca, Banca Popolare di Milano and GE Capital. BNL Gruppo BNP Paribas has been appointed Facility Agent and Issuing Bank in connection with this transaction, while Banca IMI acted as Coordinating and Documentation Bank. Citigroup acted as financial advisor to TotalErg.

This press release, concerning the signing by TotalErg of a loan agreement, issued at 3.15 p.m. (CEST) on 4 August 2011, has been prepared pursuant to the Regulation implementing Legislative Decree no. 58 of 24 February 1998, adopted by CONSOB under resolution no. 11971/1999, as amended and supplemented. It has been published by Borsa Italiana S.p.A.(www.borsaitaliana.it ) and on the Company's website, www.erg.it .

Contacts:

Alessandra Mariotti Press Office - tel.: +39 010 2401364 - Cell. +39 335 8053395 - e-mail: stampa@erg.it

Emanuela Delucchi IR Manager – tel.: + 39 010 2401806 – e-mail: edelucchi@erg.it

Matteo Bagnara IR – tel.: + 39 010 2401423 – e-mail: ir@erg.it  – www.erg.it